The subject property located in heart of Monterey Downtown and contains retail and executive offices. This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms. Most of tenants has been long-term. It also has private parking area on Calle Principal Street. These lease are gross Lease, owner pays all expenses, 95% are occupied. Potential for a apartment or condo development opportunity on Calle Principal Street side may request more detail through City of Monterey, and water management.
MLS# | ML81924244 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active Under Contract |
Year | 1941 |
Days On Site | 673 |
Listing Provided By | Sotheby's International Realty (831) 624-1566 | Young Seon Myong |
SQ Feet | 12,061 |
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Story(s) | 1 |
Building(s) | 1 |
Zoning | C-2 |
Acreage | 0.29 |
State | CA |
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County | Monterey |
City | Monterey |
Zip Code | 93940 |
Area | 699 Not Defined |
Listing VS Median (in 93940) | |
Price: $2,900,000 low | high Med: $1,395,000 SqFt: 12,061 low | high Med: 2,000 $ / SqFt: $240 low | high Med: $698 On Site: 673 low | high Med: 100.000000 |